Phillips to host Rolex Milestones watch auction in Hong Kong
Phillips is set to host a special auction dedicated to Rolex watches in Hong Kong later this month.
'Rolex Milestones: 38 Legendary Watches That Shaped History' will offer rare timepieces which represent milestones throughout the Swiss brand's 111-year history.
Amongst the lots are iconic Daytonas, rare diver’s watches, Oyster chronographs and time only watches – each carefully selected for their quality, condition and historic importance.
The sale is curated by the internationally celebrated and respected horological scholar John Goldberger, and will initially travel to Singapore, Shanghai, Geneva and Taipei for exhibitions prior to the sale in Hong Kong on November 28.
"Asia has quickly transformed into one of the leading markets for watches in the world," said Sam Hines, International Head of Watches and Deputy Chairman of Asia. "In the past two years, we have seen a significant appetite from Asian collectors for vintage pieces.
"One brand that has really captured the hearts of the Asian collecting community is Rolex. Phillips has collaborated with the world famous John Goldberger, Pucci Papaleo and his team of highly skilled individuals to create an exciting and cutting edge sale. Myself, Aurel Bacs, Livia Russo and our international team of specialists are proud to hold an auction of this calibre in Asia."
The most valuable example on offer is a highly rare Cosmograph Daytona Oyster Sotto 'Paul Newman' wristwatch. Dated circa 1970, the stainless steel timepiece is believed to be one of less than 20 examples to ever appear on the market, and comes with an estimate of $600,000-$1.2 million.
Next up is a highly rare, and possibly unique, yellow gold square wristwatch dated circa 1953, with a cloisonné enamel dial by esteemed dial maker Stern Frères depicting Neptune, God of the Sea. Believed to have originally been made for one of Rolex’s most influential clients, the watch is now valued at $500,000-$1 million.
Further leading lots include a an extremely rare, stainless steel 'Padellone' wristwatch, circa 1950, estimated at $350,000-$700,000; an 18k yellow gold 'Stelline' wristwatch, circa 1952, valued at $300,000-$600,000; a pink gold 'Jean Claude Killy' chronograph wristwatch, circa 1951, estimated at $250,000-$500,000; and a stainless steel 'Sea-Dweller' wristwatch with a Khanjar dial, circa 1972, priced at $200,000-$400,000.